"Consultation of the CEOs of the UAE Banks Federation" Its first meeting will be held in 2026
ABU DHABI, 14 APRIL / WAM / The Consultative Council of CEOs of the Emirates Banks Federation held its first regular meeting for the year 2026, headed by His Excellency Mohammed Omran Al Shamsi, Vice Chairman of the Board of Directors of the Emirates Banks Federation and Chairman of the Board of Directors of the National Bank of Ras Al Khaimah, to discuss global and regional developments and challenges facing banks and ways to deal with them in order to achieve the strategic plans of the Emirates Banks Federation and enhance the role of the banking and financial sector in achieving the strategic goals of the UAE.
The Council praised the strong performance of the banking sector over the past year, and reaffirmed the ability of the banking and financial sector in the UAE to continue growth and prosperity under the direct supervision of the Central Bank of the United Arab Emirates, which is leading efforts to develop the sector by setting the necessary frameworks to protect financial stability, strengthen monetary and supervisory legislation, and advance the financial, banking and insurance sectors.
His Excellency Mohammed Omran Al Shamsi said that the banking and financial sector continues the process of development and growth and consolidating its leadership position as the largest banking and financial sector in the Middle East in terms of total assets, the value of which has reached 5.4 trillion dirhams.
He praised the strong performance of Emiratization in the banking and financial sector, which exceeded the 2025 targets by about 160%.
He added: “We renew our commitment to working with all strategic partners in order for the banking and financial sector to support economic and social development by developing the sector’s capabilities and capabilities to provide innovative products and services that meet the requirements of all customer segments.”
His Excellency Mohammed Omran Al Shamsi, Chairman of the Chief Executives Consultative Council, said that the banking and financial industry in the UAE confirms its pioneering position by achieving more achievements, which we are keen to preserve and build upon to reach broader horizons of growth and prosperity. The strong performance of the banking sector, with its maintenance of strong rates of capital efficiency, allocations and reserves, reflects its ability to continue growth while adhering to all local and international legislation and regulations, and standards of governance, transparency, and sustainability.
He added: The CEO Consultative Council meeting discussed the performance of the banking and financial sector, the achievements achieved by the Union during the past year and the first quarter of this year, and the plans it intends to implement in the coming period.
He stated that everyone will continue coordination, exchange experiences and knowledge, and benefit from the platforms provided by the UAE Banks Federation in order to support the development of the banking and financial industry.
The meeting stressed the importance of continuing the process of enhancing Emiratisation in the banking and financial sector, praising the achievements of the union’s member banks over the past years by providing opportunities for male and female citizens of the UAE and launching specialized programs to qualify talents and competencies in order to keep pace with the rapid developments in the banking and financial sector, while empowering them in strategic leadership positions in accordance with global standards.
The meeting reviewed the achievements and initiatives of the UAE Banks Federation during the past year, praising the role of the various technical committees of the Federation and its executive management, represented by the Director General and his staff in the General Secretariat, in their role to coordinate and support decision-making by conducting studies, research and consultations that contribute to member banks keeping pace with economic and technological developments that affect the banking industry.
Participants in the Consultative Council meeting for CEOs of the UAE Banks Federation stressed the need to continue and develop many of the initiatives launched by the Federation over the past years to provide an advanced, safe and smooth banking experience and consolidate the UAE’s position as a global banking and financial centre.
Participants in the meeting praised the efficiency of UAE banks in dealing professionally with global developments and challenges, stressing the importance of maintaining the leading position of the banking and financial sector in the country by keeping pace with legislative, regulatory and technological developments, protecting the digital infrastructure of the sector, supporting financial inclusion, small and medium-sized companies, entrepreneurs and sustainable financing solutions.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
